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The following transactions were completed by the company a. The owner invested $18,800 cash in the company b. The company purchased supplies for $1450 cash
The following transactions were completed by the company a. The owner invested $18,800 cash in the company b. The company purchased supplies for $1450 cash c. The owner invested $11.900 of equipment in the company d. The company purchased $390 of additional supplies on credit e. The company purchased land for $10.900 cash Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign Assets Transactions Number Cash La Revenue Expenses Equity Owner Withdrawals 5 0 . $ Supplies $ ol $1.450 1.450 Equipment - 3 0 0 + 5 ol 18.800 (1.450) - 17 350 + 5 b Balance after a and b 0 Liabilides Accounts Payable 5 0 . 0. 0 0 + 0. 01 = 0 = 0 + Owner, Capital $ 18.000 0 - 18.800 0 18.800 . 0 0 . + 0 . + . o 0 $ 11.900 11900 O 0 17350 . 0 Balance after d Balance after 0 + 1 450 390) 1.840 17.350 + 11.900 + ol 18.800 0 . ol- 0 + 0 $ 10,9001 - 10.900 . Balance after 17350 1 340 11.900 + 0 18 800 0 Pay 1 of 5 dit Next >
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